Performance of the fund against these metrics will be assessed annually by B Analytics, and if predetermined targets are met, the interest rate will be reduced in the following year. ING did not disclose the rate of reduction.
"The potential for private capital to become more ESG- focused is quite significant," said Ms Cho, adding that the bank aims to promote"socially responsible behaviour" in the funds and fund managers financed by the bank, by incentivising their shareholders.
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